How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - The four major downturns were more severe, with income tax declines ranging from 17 percent to 30 percent (average of 24 percent). Perhaps more concerning, income tax revenues stayed depressed for years following major downturns.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - The four major downturns were more severe, with income tax declines ranging from 17 percent to 30 percent (average of 24 percent). Perhaps more concerning, income tax revenues stayed depressed for years following major downturns.
https://lao.ca.gov/LAOEconTax/article/Detail/852

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - Throughout the mid-to-late 1990s, the stock market boomed over optimism around the Internet and dot-com start-ups. Strong tax revenue trends from this boom generated large budget surpluses that ultimately gave way to serious deficits once the bubble burst and PIT revenues declined nearly 30  percent.
https://lao.ca.gov/Publications/Report/5104

Building California’s Behavioral Health Infrastructure: Progress Update and Opportunities for the Proposition 1 Bond

Feb 5, 2025 - The administration is working to allocate the bond funding quickly, with plans to aw ard up to $3.3  billion in May 2025 and a stated commitment to award all funding by 2026. This leaves a brief window in which the Legislature can conduct oversight of the program and influence the administration ’s program administration decisions.
https://lao.ca.gov/Publications/Report/4954

The 2023-24 Budget: Commission on Peace Officer Standards and Training—Office of Administrative Hearing Costs

Feb 13, 2023 - As of January 2023, POST had filled roughly one-third of its 16 positions in the Intake and Disposition bureau, which is responsible for analyzing and evaluating complaints received from the public and serious misconduct allegations received from l aw enforcement agencies.
https://lao.ca.gov/Publications/Report/4677

The 2026-27 Budget: Child Welfare

Mar 3, 2026 - Children ’s Crisis Continuum Pilot $60 million one ‑time in 2021 ‑22, most of which is available through June 30, 2026. Of the total amount, $4 million is available through June 30, 2027 to allow time to prepare a final report for the Legislature by April 1, 2027.
https://lao.ca.gov/publications/report/5147

The 2026-27 Budget: Computer Science Supplementary Authorization

Mar 6, 2026 - The current deadline for CTC to commit these funds is June 30, 2026. Any uncommitted funds would revert to the state. Governor ’s Proposal Governor ’s Budget Extends Encumbrance Deadline, Increases Grant Size, and Reduces Match Requirement.
https://lao.ca.gov/Publications/Report/5153

The 2026-27 Budget: Streamlining California’s Affordable Housing Funding System

Mar 6, 2026 - The Governor ’s proposal to provide 70   percent of total AHSC funds for affordable housing (and 30   percent for the transportation aspect) is based on the historical split. This split, in turn, is based on SGC ’s practice of awarding up to $35   million per project (70   percent) for affordable housing and up to $15   million (30   percent) for transportation.
https://lao.ca.gov/Publications/Report/5154

The 2026-27 Budget: In-Home Supportive Services

Mar 18, 2026 - Historically, counties paid 35  percent of the nonfederal share of IHSS service costs and 30  percent of the nonfederal share of IHSS administrative costs. In the early 2010s, this share of cost model was replaced with an IHSS MOE.
https://lao.ca.gov/Publications/Report/5166

The 2026-27 Budget: K-12 Proposals

Feb 19, 2026 - Requirements for New Grantees Begin in 2029 ‑30. LEAs receiving funding would be required to annually report and publicly present their community school plans. For new community schools grantees, the administration indicates annual reporting requirements would begin in 2029 ‑30, when they will be required to submit an implementation plan by December 31, 2029.
https://lao.ca.gov/Publications/Report/5131